The global Geographic Information System (GIS) Market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2025. By 2025, the market is expected to grow to $14.5 billion, up from $11.4 billion in 2022. Numerous applications, including urban planning, disaster management, land management, and others, make extensive use of GIS technology. The need for GIS applications is rising across a number of industries, including government, transportation and logistics, agriculture, and natural resources, which is fueling the market expansion. The GIS industry is expanding as a result of the expanding availability of spatial data and the demand for sophisticated mapping and analysis tools.
The development of smart cities and urbanisation, the incorporation of geospatial technology with common technologies for business intelligence, rising investments in contemporary GIS solutions, growing accessibility of spatial data, and cloud technology are just a few of the factors driving the significant growth of the global Geographic Information System (GIS) market. The development of "smart cities" has raised demand for GIS technology because it is essential for maintaining and analysing data pertaining to infrastructure, transportation, and urban planning. The adoption of GIS solutions across various industries is being fueled by the integration of GIS with other technologies like Internet of Things (IoT), Artificial Intelligence (AI), and Big Data. Governments and business organisations are likely to increase their investments in contemporary GIS solutions, which is expected to further accelerate market expansion. Additionally, organisations can now access and analyse geographic data more easily because to cloud computing and rising spatial data accessibility, which has accelerated the uptake of GIS technology. Due to these motivating reasons, the GIS industry is anticipated to have significant expansion in the upcoming years.
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Key Market Players
Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Autodesk Inc. (US), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Bentley Systems Inc. (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), SuperMap Software Co. (China), Harris Corporation (US), and Maxar Technologies Inc. (US) are among a few major players in the geographic information system market.
Development of smart cities and urbanization
Geographic Information System (GIS) usage has significantly increased as a result of the creation of smart cities and urbanisation. When it comes to organising and analysing geospatial data for smart city planning, land use management, and infrastructure development, GIS is absolutely essential. For the purpose of managing and planning metropolitan areas, GIS technologies offer accurate and trustworthy information. They can connect with building information modelling (BIM) for the design of smart infrastructure planning and green buildings, as well as be used to keep track of zoning and building occupancy data. For efficient decision-making in a variety of smart city development domains, such as smart urban planning, smart utilities, and smart public works, GIS spatial analytical tools are used.
Development of 4D GIS software and augmented reality platforms for GIS
The creation of 4D GIS software and augmented reality platforms for GIS has expanded the field's potential. Spatial, 3D, and time-change data are all included in 4D GIS data. To generate 4D data, an integrated database with real-time monitoring is necessary. In places where 4D GIS is required for predicting dimensions over time, it is becoming more and more common. Utilising a variety of data sources, the technology is used to combine, organise, and analyse both geographical and non-spatial information. By examining where and when vulnerabilities might occur, 4D GIS is being utilised more and more in infrastructure monitoring to forecast infrastructure risks. GIS technologies that use augmented reality have made it feasible to visualise 4D data in a more engaging and immersive manner. Users can experience the real world with digital information superimposed on it thanks to this technology, which makes it easier to grasp 4D data. In the upcoming years, it is anticipated that the development of 4D GIS software and augmented reality platforms for GIS will propel market expansion.
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Geographic information system market for software to grow at a higher CAGR during the forecast period
During the projected period, the geographic information system (GIS) software market is anticipated to expand significantly. The increased usage of GIS across a number of industries, including urban planning, disaster management, transportation management, and smart city development, is credited with this expansion. In order to increase its usage in business intelligence and marketing, GIS has been connected with enterprise resource planning (ERP) and customer relationship management (CRM). The potential of GIS analytics software has been further increased by the introduction of cloud computing and artificial intelligence. GIS software can offer useful data insights, facilitating the decision-making process for enterprises and organisations. As more businesses use GIS technology to improve their operations and gain a competitive edge, the demand for GIS software is anticipated to rise.
GIS market for the agriculture industry is expected to grow at highest CAGR during the forecast period
During the projection period, the GIS market for the agriculture sector is anticipated to develop at the greatest compound annual growth rate (CAGR). Farmers can gain from GIS systems in a number of ways, including higher productivity and lower costs due to more effective management of land resources. GIS can lessen small and marginal farmers' susceptibility by providing better insights into the resources of the land. Additionally, there is a substantial demand for GIS in the agricultural sector for managing crops, keeping tabs on livestock, and managing soil and irrigation on farms. The worldwide agriculture sector's expansion and the field's increasing adoption of technology are anticipated to fuel the GIS market's expansion. As farmers want to take use of GIS solutions to enhance their operations and maximise output, the adoption of GIS technology by the agricultural sector is anticipated to rise.
APAC to be the fastest-growing region in the geographic information system market during the forecast period
During the projected period, APAC is anticipated to have the highest growth in the worldwide GIS market. The demand for GIS in smart city planning and urban development programmes is being driven by the expanding infrastructure in a number of the region's countries. The market for geospatial surveying technologies including GNSS receivers and GIS collectors is anticipated to grow as a result of China, for example, investing extensively in infrastructure development and urban planning. Opportunities for the GIS market in the construction processes are being created in Japan by the expansion of the construction sector. The demand for geospatial technologies that can assist various sorts of urban development initiatives is also being driven by India's developing urban sector. The increased implementation of GIS solutions across numerous industries, including agriculture, transportation, and logistics, among others, is anticipated to boost growth in the APAC region.
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